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Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A

Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.

Howard: Power Generation Growth Dependent on NatGas Demand

Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.

A Slippery Mess: Are Oil, Gas Interests Regulated Securities?

The murky overlap between securities laws and oil and gas interests could land individuals and companies on the wrong side of a securities-related investigation.

Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy

Regional banks are picking up market share and rallying the U.S. upstream sector.

Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit

Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.

Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts

Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”

Markman: Pre-season Jitters in the Hurricane Zone

If hurricane predictions are correct, oil and gas fortunes could be in hot water.

Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024

Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.

Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards

Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.

Pitts: Deep in the Renewable Heart of Texas

As a state known for its hydrocarbons, Texas is also cementing its position in the renewable sphere, and companies are beginning to take notice. 

Challenges to Funding Rapid Deployment of Energy Transition Technology

Enormous capital investments are needed to meet these public policy and societal goals according to the International Energy Agency (IEA), global investment in clean energy technology needs to be $4.5 trillion by the early 2030s if the Paris Agreement’s 2050 net-zero target is going to be reached.

Blankenship, Regens: More Demand, More M&A, More Regs

In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.

Belcher: Brace for Onslaught of New Biden Regulations

A slew of rulemakings, executive orders and policy decisions affecting energy are headed this way.

Gas Prices in a Summer of Discontent

In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?

Kissler: Mideast Tension Elevates Crude Prices—But for How Long?

Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.

It’s Complicated: E&Ps Find Some Financial Tailwinds, But It’s Not All Smooth Sailing

Relatively stable WTI prices in the $80s/bbl provide some breathing room as companies allocate cash for operations, and pragmatism is seeping into the energy transition movement.

Decoding the Delaware: How E&Ps Are Unlocking the Future

The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.

The OGInterview: Building EIV Capital’s Midstream Investment Strategy

Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.

Permian Gas Finds Another Way to Asia

A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.

Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want

A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.

Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation

Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.

Segrist: The LNG Pause and a Big, Dumb Question

In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.

Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions

Diversified Energy wants to educate on emission reduction successes while debunking junk science.

Romito: Net Zero’s Costly Consequences, and Industry’s ‘Silver Bullet’

Decarbonization is generally considered a reasonable goal when presented within the context of a trend, as opposed to a regulatory absolute.

Paisie: Crude Prices Rising Faster Than Expected

Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.

Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations

Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.

Darbonne: The ESG Sword: BlackRock's Life, Death by ESG

BlackRock, the $10 trillion investment manager, is getting heat for too much ESG investing, while shareholders are complaining it’s doing too little.

Hirs: Aspirations Meet Reality—The Undisclosed High Cost of the Energy Transition

The nation is trying to keep up with the growth of renewable power resources, but before transmission lines can be built, the power plants must first have interconnects with the grid. 

73-year Wildcatter Herbert Hunt, 95, Passes Away

Industry leader Herbert Hunt was instrumental in dual-lateral development, opening the North Sea to oil and gas development and discovering Libya’s Sarir Field.

The Jones Act: An Old Law on a Voyage to Nowhere

Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.